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Middle East Airports Infrastructure Market Assessment
Frost & Sullivan, July 2009, Pages: 103
The Middle East Airports Infrastructure market has been able to offset the impact of the global economic slowdown and progress with expansion plans as a result of the strong growth of the Middle East commercial aviation industry.
Market Drivers and Restraints
Drivers:
(1) Proactive government policies to privatise infrastructural development and airport operation
Proactive government policies in the region to privatise infrastructural development and airport operation will drive the Middle East airports infrastructure market growth. The various governments in the region are keen on adopting the build, operate and transfer (BOT) model to ensure the international standard of airports.
(2) Middle East as a linking hub between the west and east
A stopover at a Middle East hub that serves as a link, results in xx per cent lower operating costs, owing to the cheaper oil prices. This stopover by the existing airlines coupled with the order backlogs will increase the aircraft movement in the Middle East airports and correspondingly drives the need for airport infrastructure expansion.
(3) Greater need for increased capacity
A greater need for capacity as a result of expanding routes by airlines is expected to drive the need for airport infrastructural development in the short and medium terms.
(4) Order backlogs of Middle Eastern carriers
Restraints:
(1) Airspace capacity shortage
The Middle East faces the challenge of unlocking no-fly zones and this is a major factor that can restrain the growth of the airports infrastructure market. The market is likely to be restrained as a result of airspace capacity shortage with a high impact during the short term as airport development projects are rapidly increasing. However, the long-term impact would be low as a result of the aviation authorities’ acting on the regulations.
(2) Global economic slowdown
The economic slowdown although a phase, will restrain the growth of the Middle East airports infrastructure market as most governments and investors are conservative in investing. In addition, the airlines have grounded fleet temporarily, which has resulted in a reduced global passenger flow. The Middle East region in particular has not been directly been impacted but the overall outlook is sceptical as most of the traffic to this region comes from Europe and Asia Pacific, which have been affected by the global economic slowdown.
The result is that the market drivers are outweighing restraints, resulting in a forecast of market growth.
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